Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, is pleased to announce the ground breaking of its latest Birchway-branded property, Birchway Eastfield Station, a new apartment community in Charlotte, North Carolina. The project represents the first transaction capitalized in a strategic venture between Greystar and Whitman Peterson.
“We are extremely proud to bring Birchway Eastfield Station to Charlotte,” Mike Sullivan, Director of Development, said. “With our focus on providing new apartments at competitive rent levels, we were able to work together with Whitman Peterson and would also like to thank both CIBC Bank USA and Synovus Bank for their partnership in providing the senior loan in a challenging capital environment.”
Birchway Eastfield Station will offer a total of 402 apartment units comprising one-, two-, and three-bedroom layouts. Moreover, it will feature top-notch facilities like a large pool, well-equipped gym, co-working space, creative space, private work pods and a TV lounge. As part of a separate phase, Greystar will be completing earthwork for 110 townhomes. The pads will be sold to a home builder at a future date.
The community is surrounded by single-family homes to the north and east and is close to thriving industrial hubs to the south and west. Additionally, the development is conveniently located near popular shopping destinations like Northlake Mall, Shoppes at Highland Creek and the soon-to-be-opened Prosperity Village. For commuters, the community offers effortless accessibility to all parts of the city with nearby entrances to three major highways. Uptown Charlotte is a short 15 minute drive, while other areas of the city can be easily reached due to the site’s proximity to I-485 and I-77.
Adding to the appeal of this community is its immediate proximity to Clarks Creek Nature Preserve, which offers residents walking trails, a dog park, pickleball courts and a community garden. The site provides ample room for landscaping and additional amenities.
Birchway Eastfield Station’s design team included KTGY for architecture, Urban Design Partners for civil and landscape design, South Park Interiors for interior design and EM Structural and Jordan Skala for structural and MEP designs.
Pre-leasing for Birchway Eastfield Station is expected to begin in late 2025, with the community scheduled for completion in mid-to-late 2026.
Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates approximately $320 billion of real estate in 249 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 966,700 units/beds globally, and has a robust institutional investment management platform comprised of $78 billion of assets under management, including over $36 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.
